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problem, because as the economy slows down, as long as the national recession lasts, it makes it harder and harder for municipal governments to balance their budget. > a lot of municipalities count on federal dollars that flow coming, and that is drying up too. so they are under stress. > > right. and that is why washington is important to everyone. it might seem like the sequestration is a problem in washington, but that money does come down to the states either through block grants or for transportation grants, and that money has to get squeezed out at the capital level, and it is going to be harder. the driver will be how long is the recession going to last, and how deep is it going to be? > if these cities you talked about and a couple of counties are basket cases, how are other cities that are having real stress problems dealing with it, because their big-budget item is what? employees. > > employees. right. so municipal government is a service enterprise, and when you have a service enterprise - police, fire, pave the roads, whatever it is - that implies employees, and when your l
and the economy. a suprising new study from bankrate.com shows when the payroll tax cut ended this year, it did not have a major effect on all consumers. "more than half of americans haven't noticed the payroll tax expiring at the first of the year. and, even more surprising, those that were expected to cut back on their spending as a result - the lower-income households - are the least likely to have cut back on their spending." greg mcbride of bankrate.com says americans earning between $50,000 and $75,000 were more likly to cut back on spending because of higher payroll taxes, compared to people making $50,000 or less, who did not change their spending habits as much. tuning in now to some corporate earnings, friday, two big-name stocks provided a lift to the markets. tiffany sparkled when it reported solid 4th-quarter results as sales in asia picked up, especially for silver jewelry, while darden restaurants also beat the street. revenue was up thanks to some new restaurant locations. however, it did see net income drop due to slower sales at red lobster. the chain has been in heated compet
on with the economy... fed ex shares hit a road block with investors-- falling-- more than 7 dollars yesterday.. after the company revealing profits fell 30% last quarter wtih weakness in asia. the company also pulled back on its full year forecast. shares of caterillar lost more than a dollar. the construction equipment company said sales of its machines are down 13%. homebuilder lennar attracted buyers as the stock rallied $2 as the company reported its well positioned for this year and next. monster energy is changing the way it markets its products. energy drinks will now be classified as a "beverage" -- instead of a "dietary supplement." under the switch: monster will no longer be required to inform regulators about reports linking its drink to injury or deaths. rockstar energy made a similar move. energy drinks are under intense scrutiny after a 14 year old girl died after drinking two cans in one day. as for the tobacco industry.. graphic images of diseased lungs will "not" appear on cigarette labels. the government has dropped its push for such warnings on packages and will go bac
of a little hoops in the office, john challenger says it's not even a blip in the overall economy, and that sequestration will have a far bigger impact. if at first you don't succeed, you know what they say. mcdonald's is rolling out something new on its menu: the chicken mcwrap. the chain has been trying a menu makeover to keep up with changing customer tastes & the competition. wendy's and burger king are adding their own healthy options. more about fast food competition later in our traders unplugged segment. home sales hit a hot streak early in the year. sales of pre-owned homes hit nearly 5 million in february, the highest in more than three years, and up 10% from last year, according to the national association of realtors. the median home price jumped nearly 12%, to more than $173,000. sales got boosts from a temporary $5,000 tax cut, fewer foreclosures, and low mortgage rates. the postal service gets a "return to sender" notice from the u.s. senate. remember when the postal service said there would no longer be saturday mail delivery as of august? that was one of the thing
Search Results 0 to 3 of about 4